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Low-Calorie Food Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Low-Calorie Food Market
Global low-calorie food market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Global Low-calorie Food Market
Low-calorie food refers to the food whose recipe is altered to reduce the fat, carbohydrate, and sugar levels. Low-calorie food is normally preferred in weight loss programs. Most commonly used low calorie foods are sugar substitutes such as aspartame, saccharin, sucralose, and cyclamate. The products are used in various food and beverage products to reduce the calories.
Market Dynamics: Global Low-calorie Food Market
Increase in the global prevalence rate of obesity and diabetes is a key factor expected to drive global low-calorie food market. Moreover, rise in health awareness, change in lifestyle results to opt for healthy foods, rise in focus on the development of newer products by market players, grow in disposable income, and increase in population preferring the low-calorie food are anticipated to fuel the global low-calorie food market over the forecast years. However, stringent regulations for artificial sugars, high cost of products, weak products line and distribution chains, and hazards with artificial sugars are expected to impede the growth of global low-calorie food market.
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Market Scope: Global Low-calorie Food Market
Global low-calorie food market is segmented based on product type and application
Based on the product type, the market is segmented into the following:
• Nutrient-Based Substitutes
• Carbohydrate-based
• Protein-based
• Fat-based
• Sugar Substitutes
• Saccharin
• Aspartame
• Others
• Sugar Alcohol Substitutes
• Erythritol
• Sorbitol
• Others
Based on the application, the market is segmented into the following:
• Dairy Products
• Bakery Products
• Confectionaries
• Dietary Beverages
• Snacks
• Others
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Regional Analysis: Global Low-calorie Food Market
Geographically, global low-calorie food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America low-calorie food market is poised to grow at healthy CAGR owing to rise in prevalence of obesity and diabetic population, increase in focus on the healthy food products such as low-calorie food, and development of newer low-calorie food products by market players are expected to propel the market. Europe low-calorie food market has lucrative growth attributed to change in food habits due to busy life schedule, presence of maximum number of obese people in EU countries, and rise in disposable income are expected to surge the revenue share of the market. However, Asia Pacific low-calorie food market is witnessed to grow at significant CAGR over the forecast period. Rise in adoption of low-calorie food in India, China, and Japan, surge in inclination towards low fat content dairy products, and increase in health awareness are expected to bolster the market.
Competition Assessment: Global Low-calorie Food Market
Some of the players in the global low-calorie food market include:
• Danisco A/S (Denmark)
• Zydus Wellness Ltd. (India)
• Abott Laboratories (U.S.)
• Ajinomoto U.S.A Inc. (U.S.)
• Galam Ltd. (Israel)
• Archer Daniels Midland Company (U.S.)
• Bernard Food Industries (U.S.)
• Mcneil Nutritionals LLC (U.S)
• Wringley Company (U.S.)
• Mitsubshi International Corporation (U.S.)
• Beneo Group, (Belgium)
• Heartland Food Products Group (U.S.)
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Notable Market Developments: Low-calorie Food Market
• In August 2015, Heartland Food Products Group inked an agreement to acquire Splenda low calorie sweetener from McNeil Nutritionals.
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